Are you thinking about online trading? These days, it does seem to be becoming a go-to option for making some money. It is possible to start trading from virtually anywhere and you don’t need to have any major skills or extensive knowledge to begin. Gone are the days when you needed a huge investment to begin either. As long as you have a small sum and are 18, you can jump onto the bandwagon. To get started, you first need to find an online broker because they are still a vital element of the trading process. 24Trading review can help you in doing so.
How? Considering that there is a huge number of brokers operating in the market right now, it can often be daunting for people to decide which one to choose. Every single one of them will be advertising and promoting their services, but this doesn’t mean that you take them at their word. You cannot possibly sign up with all, even if you think they are telling the truth. Moreover, some of these can be quite shady as well and you want to ensure that you don’t end up making a mistake. The best way to find the truth about any company is to check out their review because it provides a close look at their offerings.
One of the brokers you will find in your search is 24Trading, founded by a company called Grey Matter Ltd., which is based in St. Vincent and the Grenadines. Before you decide to use their services, you have to check their offerings closely and this is what you can do in this review below:
What do you do in the financial markets? You trade different instruments i.e. buy and sell them based on their price movements. There are hundreds of thousands of these instruments that can be found in the financial markets, but the volatility and profitability of every instrument varies. Likewise, not every broker will give you access to all instruments and you will find different choices on different platforms. If you have a specific instrument in mind, or you want access to as much variety as possible, then you need to find a brokerage that can fulfill those goals. This is where 24Trading can be a good choice.
When you take a look at their trading instruments, you will discover that they give you access to the leading financial markets in the world. They have given you the chance to trade the top options from each market, thereby ensuring that you can diversify your portfolio and make the most of your trading. You will be able to trade forex currency pairs at 24Trading which include EUR/USD, USD/CHF, GBP/USD and NZD/CAD. The stock market is another option to explore, including stocks of Amazon, Tesla, Netflix and Microsoft. Likewise, indices like Dow Jones and CAC40 and cryptocurrencies like Bitcoin, Litecoin and Ethereum are available. There are also soft and hard commodities that can be traded.
While the instruments offered by a broker are certainly important, there wouldn’t be any point in signing up on their platform if they are not able to offer you adequate security. The risks are high these days and you want to avoid constantly stressing about the safety of your funds or information. You will certainly like the security protocols you see at 24Trading because they have made an effort to maximize the security of their platform as much as possible. First off, they protect your trading account with two-factor authentication (2FA) and also offer protection from DDoS attacks.
As far as your information is concerned, full data encryption is implemented by 24Trading and they also use firewalls in order to ensure no outsider is able to infiltrate their system to steal your information. To protect your funds, the rules of account segregation are followed, which means client accounts are kept separate from the broker’s. They also deposit the money with leading financial institutions to keep them safe. Plus, they are compliant with PCI DSS standards and offer 3D payment security.
The international security policies of AML (Anti-Money Laundering) and KYC (Know-Your-Customer) are also followed by 24Trading for the safety of their clients. These require documents for proof of identity and address and only then accounts are approved.
Knowing what account options are provided by a broker can be helpful because you can see if your needs will be fulfilled or not. There are five account options that 24Trading has added in order to accommodate traders with different needs. These are mentioned as follows:
Explorer: Having a minimum and maximum deposit requirement of $3,000 and $5,000 respectively, this account is for newcomers to the trading space. It offers 24/7 customer service, cross-platform trading and professional chart.
Basic: The minimum deposit requirement for this account is $10,000 and maximum is $25,000 and 24Trading has added this account for beginners. It adds a personal analyst, financial research and weekly market reviews.
Silver: The deposit for this account is $50,000 and it is developed for intermediate traders. They are given the bonus of having private sessions with an analyst on a monthly basis.
Gold: Designed for advanced and experienced traders, this account at 24Trading needs a minimum deposit of $100,000 and a maximum deposit of $250,000. A smart money management plan is added here and traders can now enjoy weekly sessions.
Platinum: This account is developed for skilled and professional traders and can be opened with a minimum deposit of $250,000 and the maximum deposit that can be made is $500,000. You get a direct line to your account analyst, a long-term financial plan and around 5 protected trades.
Along with these offerings, you will also be provided with 24/7 customer service by 24Trading via various channels, including phone, email and live chat. They also provide educational resources to guide their clients, have an easy registration process, low commissions and convenient deposit and withdrawal policies that can simplify the trading process for you.